India’s Adani slammed by $48 bln stock rout, clouding record share sale

Shares of India’s Adani Enterprises sank nearly 20% on Friday as a scathing report by a U.S. short seller triggered a rout in the conglomerate’s listed firms, casting doubts on how investors will respond to the company’s record $2.45 billion secondary sale. Seven listed companies of the Adani conglomerate – controlled by one of the [……
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